12 Things Nobody Told You About Amazon Synchrony | amazon synchrony

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E-commerce behemothic Amazon.com Inc is fielding bids to alter U.S. lender JPMorgan Chase & Co as the issuer on its co-branded acclaim agenda portfolio, a being accustomed with the amount told Reuters.

Amazon has beatific out a 'request for proposal' for the portfolio, the being said, allurement not to be articular as the amount was not accessible yet.

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JPMorgan could back a 15% exceptional if it is replaced as accomplice in the portfolio, which contains added than $15 billion in acclaim agenda lending, Bloomberg appear beforehand on Tuesday.

American Express Co and Synchrony Banking were amid those behest on the portfolio, the Bloomberg address added. The banking firms didn't anon acknowledge to requests for comment.

Amazon and JPMorgan aboriginal issued a collective agenda in 2002 and their offerings accept continued operated on the Visa Inc network.

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JPMorgan beneath to animadversion back contacted by Reuters. Bloomberg said the lender was accommodating to allotment with the Amazon portfolio. 

(Reporting by Kanishka Singh in Bengaluru; Editing by Kenneth Maxwell)

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